Any company that refuses to adapt is doomed to be left behind, but what happens when new ideas go against the founders’ core vision and values?
Like many founders of high-growth companies, Karl Stark and Bill Stewart, Managing Directors and co-founders of strategic advisory firm Avondale have found themselves “at the point where we are transitioning daily decision-making-and even some larger strategic decisions-to a new and sometimes broader group of company leaders.”
“Not only does this transition take us away from day-to-day decisions that were once routine,” Stark and Stewart write in a guest post for Inc., “it also requires us to re-evaluate the company’s core values and principles.” That means finding a balance between incorporating outside best practices and staying true to their company’s cultural core. For more on adopting new ideas and approaches while keeping sight of core values, read the full post here.
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Core values go beyond the day-to-day dealings of a business. They permeate everything that the company and its employees do. Watch this video to see how this is especially true at Zappos, and how staying true to those values has contributed to the company’s success. There comes a time during the growth of every company in which the founder(s) can no longer do it all. As this post from OpenView Managing Director Adam Marcus reveals, that’s precisely when strong mission, vision, and values are needed most.